TechFlow news — Conflux has submitted a proposal to the Uniswap community to deploy Uniswap V3 on the Conflux Network, aiming to bring Web2 users into DeFi, increase penetration in Asian markets, and tap into the rapidly expanding Conflux ecosystem. The proposal highlights that Conflux's collaborations with Xiaohongshu (Little Red Book) and China Telecom are driving significant inflows of Web2 users, and by deploying Uniswap on Conflux, liquidity can be enhanced, offering users new trading opportunities.
The Conflux Foundation intends to provide two additional incentives for the community and projects building Uniswap V3 on Conflux: It will establish a $2 million liquidity pool for the CFX-USDT, CFX-BTC, and CFX-ETH trading pairs. This pool will be locked for two years, though the Conflux Foundation may extend the lock-up period if needed by the ecosystem.
Additionally, Conflux will provide $1 million in liquidity incentives to bootstrap early liquidity on the network, and proposes allocating another $1 million fund over two years, to be distributed quarterly to protocols built on Uniswap V3 and deployed on Conflux.
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